Bill > SB242

This bill aims to limit foreign ownership of agricultural land in Hawaii by establishing new restrictions and reporting requirements. Specifically, the bill defines "foreign entities" as corporations, business associations, or other groups not incorporated in the United States, and sets limitations on their ability to own or lease agricultural land within the state. The legislation would prohibit foreign entities from owning or holding a controlling interest in more than a certain number of acres (the specific acreage is not specified in the bill text), and restricts lease terms for agricultural land to a maximum of five years. Foreign entities would be required to submit annual reports to the Department of Agriculture detailing their land ownership, including total acreage, location, and types of agricultural production. The bill also establishes an online public registry of foreign-owned agricultural lands and creates penalties for non-compliance, including fines and potential voiding of land transactions. The legislative findings highlight concerns about foreign ownership of agricultural land, noting that Hawaii had 12.8% of its agricultural land under foreign ownership in 2022, which could potentially impact local farmers' access to land and the state's food security. The bill is part of a broader effort to ensure that agricultural lands remain accessible to local farmers and agricultural enterprises.

Agriculture and Natural Resources, Justice

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=242&year=2026